New York The Cosmopolitan of Las Vegas surprised its more than 5,000 employees on Wednesday with a one-time $5,000 bonus.
The resort said it gave an"unprecedented" $27 million to its workers during a festive event that was capped off with a"climatic drumroll" and confetti when Cosmopolitan CEO Bill McBeath made the announcement. The event celebrated private equity firm's Blackstone's nearly decade-long ownership of the property, which is in the midst of being sold to MGM Resorts International and a real estate firm.
Nice!
How about higher pay instead. Bonuses are distractions for what the company executives are not doing.
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